Old Second National Bank Of Aurora buys $2,181,721 stake in American Electric Power Company Inc (AEP)

American Electric Power Company Inc (AEP) : Old Second National Bank Of Aurora scooped up 481 additional shares in American Electric Power Company Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 34,774 shares of American Electric Power Company Inc which is valued at $2,181,721.American Electric Power Company Inc makes up approximately 1.03% of Old Second National Bank Of Aurora’s portfolio.

American Electric Power Company Inc opened for trading at $63 and hit $64.42 on the upside on Wednesday, eventually ending the session at $63.93, with a gain of 1.64% or 1.03 points. The heightened volatility saw the trading volume jump to 39,67,646 shares. Company has a market cap of $31,393 M.

Other Hedge Funds, Including , Eqis Capital Management reduced its stake in AEP by selling 1,255 shares or 14.86% in the most recent quarter. The Hedge Fund company now holds 7,188 shares of AEP which is valued at $472,108. American Electric Power Company Inc makes up approx 0.03% of Eqis Capital Management’s portfolio.

On the company’s financial health, American Electric Power Company Inc reported $0.48 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jan 28, 2016. Analyst had a consensus of $0.50.Analysts expectations of $ 3766.56.During the same quarter in the previous year, the company posted $0.48 EPS.

Many Wall Street Analysts have commented on American Electric Power Company Inc. Company shares were Reiterated by Argus on Feb 22, 2016 to “Buy”, Firm has raised the Price Target to $ 67 from a previous price target of $61 .

American Electric Power Company Inc. is a utility holding company. It operates in five segments. The vertically integrated utilities segment generates transmits and distributes electricity through AEP Generating Company Appalachian Power Company Indiana Michigan Power Company Kingsport Power Company Kentucky Power Company Public Service Company of Oklahoma Southwestern Electric Power Company and Wheeling Power Company. The Transmission and Distribution Utilities segment transmits and distributes electricity through Ohio Power Company AEP Texas Central Company and AEP Texas North Company. The Generation & Marketing segment’s subsidiaries consist of nonutility generating assets a wholesale energy trading and marketing business and a retail supply and energy management business. AEP Transmission Holdco is a holding company for AEP’s transmission joint ventures and AEP Transmission Company LLC. The AEP River Operations segment transports liquid coal and dry bulk commodities.

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